I am a real estate investor and I recently visited the residential plots in Hyderabad, Shankarpalli area. These plots were not only commodious but were quite affordable compared to the amenities that they had. The project is situated close to the old Mumbai highway. You can visit it if you take the Outer Ring Road or take the Gandipet Road.
Shankarpally is a developing town in the beautiful city of Hyderabad. It has an excellent infrastructure and is well connected to the city. In addition, it lies in close vicinity of the IT corridor and is only about 5-6 km from the renowned IIT Hyderabad. Corporate schools, greenery, and little traffic have played a key role in luring IT professionals to this side of Hyderabad. Major landmarks include Global International School (GIIS),Indus International School, and Lehri Resort.
@Kunal: The price range of the localities will be , the prices start from Rs 11 lakh for a 2BHK at Shad Nagar to Rs 2.65 crore, 3BHK unit at Banjara Hills. For villas, prices are in the range of Rs 32 lakh for a 2BHK unit spread over 4500 sq ft in Srisailam Ivy to almost Rs 5.5 crore for a 5BHK unit spread over 4050 sq ft in Gachibowli.
Hey over the next six to nine months I think the overall business sentiments are likely to remain stable. Investors may find this period favourable as property valuations are low and there is potential to capitalise.
Hey some of the localities such as Gachibowli, Kompally, Kondakal, Mutangi, Bowrampet, Miyapur, Appa Junction, Kukatpally, Beeramguda, Chanda Nagar, Nallaganda, Bachupalli, Srisailam, Narsingi, Shamshabad, Yadagiri Gutta, HITEC City, Bodupal, Adibatla, Rajendra Nagar, Kondapur, Mokila, Shad Nagar, Sainikpuri are good localities.
@Kunal: Properties like villas, plots, multistorey apartments and residential houses. Gachibowli has been a favourite destination for apartments, villas and plots with developers, such as Mantri Group, Aparna Constructions and Estates, Ramky Estates etc.
For residential plots, some of the other options include Shad Nagar, Kondakal, Adibatla, Mokila and Shamshabad.
. If infrastructure catches up plus a stable political environment in addition to successful launches of group housing, residential plots could mean good business :)
@Pranab: A small village in Mahbubnagar, this area being about 35 km away from Hyderabad, is a popular pick. Also Kothur attracts more investors when compared to the end users. In Kothur also you could find plots in the size range of 100-300 sq yd. Prices range between Rs 5-20 lakh serving the modest income groups as well and those looking for high worth properties as well.
Hello Pravallika, Shamshabad locality has been a focus point for the investors because of its strategic location. Just 4 km away from the international airport, this is a chosen locality for non-local investors and the locals alike. NH-7 that connects Hyderabad to Bangalore also runs through this stretch.
@Pranab: Residential plots are popular in the locality. The budget range of Rs 2 to 10 lakh from 100 to 400 sq yd. Multi-storey apartments, villas and residential houses are less in demand. Favourable infrastructural growth and availability of plots and economic growth will add to it.